We love WAVE for our Small Business Customers
Peter Cullen | TrustRadius Reviewer
Updated March 16, 2016

We love WAVE for our Small Business Customers

Score 8 out of 10
Vetted Review
Review Source

Software Version

Wave Accounting Software

Modules Used

  • Banking, Credit Cards, Journal Entries, Sales, Expenses, Payroll

Overall Satisfaction with Accounting by Wave

We use Wave Software for our small business clients who are getting started and need efficient and easy to use accounting software to manage their business finances, process payroll and have support for income tax preparation.
  • So easy to use and set up
  • Easy to collaborate with our Clients
  • Easy to view reports and share information in meetings with clients
  • The journal Entry Feature definitely could use improvements by allowing billable expenses to be posted to a Customer account
  • Reporting is still very basic and needs enhancement - ability to generate custom reports is needed
  • Works very well with our small business customers so we are pleased
entry level software - does not yet compare to XERO
we have worked with all Cloud software ( XERO, QBO, FreshBooks, Wave, and others ) so we have a strong basis point for comparison
It is so not good for inventory and product related customers. It is best for service based customers and early stage companies.

Wave Accounting Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
9
Bank reconciliation
9
Expense management
8
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
6
Multi-division support
1
Regulations compliance
8
Electronic tax filing
Not Rated
Self-service portal
8
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
6
Custom reports
3
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
5
Single sign-on capability
5

Using Accounting by Wave

7 - Accounting
Tax
Planning
Analytics
4 - Understanding what types of analytics clients need to see in their WAVE account
Setting up bank feeds
customizing Chart of Accounts
POsting Manual Jounals
  • Start-ups
  • Mobile workforce
  • Virtual Teams
  • Fractional CFO
  • more mature companies as WAVE evolves

Accounting by Wave Training

easy to use and east to train on ! Our WAVE clients enjoy the ease of use

Using Accounting by Wave

easy to use, bank feeds work as expected, reporting while basic covers most needs

Accounting by Wave Reliability

WAVE is always available when we need it ! Peter